annuitant
Regular income receiver
An annuitant is a person who receives payments from an annuity—a financial product that provides regular income, typically during retirement.
The term appears in insurance and pension contexts: The annuitant receives monthly payments for life.
When someone dies, their status as annuitant usually ends, though some contracts provide for surviving beneficiaries.
One who left work
- pensionerRetired payment recipient
- beneficiaryDesignated asset receiver
- seniorHigher in rank
- pensionRetiree's ongoing benefit
IRA · 401(k) · drawdown · decumulation
Designated asset receiver
- payeePerson owed payment
- recipientOne who receives something
- paymentFulfilling a financial obligation
- disbursementDistribution of funds
installment · stipend · allowance · distribution · payout · remittance · earnings · proceeds
Owner of insurance contract
- obligeeParty owed performance
- beneficiaryDesignated asset receiver
- designeePerson formally named
- heirOne who receives legacy
estate · trust · fiduciary · executor · succession · inheritance · assignee · owner
Collected works or assets
- principalChief school administrator
- capitalWealth used for investment
- securitiesTradeable financial assets
- bondsTies that unite
contract · premium · rider · underwriter
retiree
One who left work
- pensionerRetired payment recipient
- beneficiaryDesignated asset receiver
- seniorHigher in rank
pension · IRA · 401(k) · drawdown · decumulation
beneficiary
Designated asset receiver
disbursement · installment · stipend · allowance · distribution · payout · remittance · earnings · proceeds · yield
policyholder
Owner of insurance contract
- obligeeParty owed performance
- beneficiaryDesignated asset receiver
- designeePerson formally named
heir · estate · trust · fiduciary · executor · succession · inheritance · assignee · owner · insured
portfolio
Collected works or assets
- principalChief school administrator
- capitalWealth used for investment
- securitiesTradeable financial assets
bonds · contract · premium · rider · underwriter
mortality
State of eventual death
- actuarialOf risk calculation
- survivorshipState of remaining alive